2013-01-15
2013-01-23
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CNBC 18
MSNBCW 15
MSNBC 8
CNNW 7
CNN 4
WBAL (NBC) 1
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English 63

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should he become defense secretary. how can you trust this guy haegle? >> you cannot. he represents the obama administration's foreign policy. he is handing off the cut backs to a former member of the military. i do not expect him to be part of the foreign policy. it will be closely held as it was in the first administration. he is a big defense cutter. maybe that is ironic he is a dedicated vietnam vet. it is going to slash the defense department more. >> the question is whether you are going to trim the budget with an axe of scalpel. chuck haeg eext lel can't get i. it takes decades. >> he was opposed to it. >> that may be one reason why he stepped down. i'm told that there is no sorrow. this is frying pan an fire. i know that chuck haegel a month into this process is likely to be the secretary of defense and the defense department is adjusting accordingly. what did all of this say of chuck schumer. he is such a prominent sjewish leader? how can he flip-flop like this? >> the senators are to judge chuck haegel on his record. it throws the whole process. it does. and i wonder wheth

comes up in a couple months, when that sequester fight comes up and defense cuts in a couple months, house republicans will push for the spending cuts but they don't want to lose the pr bat toll a president who's very adept at pointing his finger at republicans and saying they want to cause default. >> okay. i think they're losing the pr battle anyway. >> perhaps they are. >> i mean, i don't know. i know obama's very fassel, but i also know democrats will never cut spending in my lifetime. robert costa, welcome back from the wilds of williamsburg. now, i want to turn to my panel and say i don't really think the gop got the job done in williamsburg. that's just my view. here's cnbc contributor keith boykin. he's a former clinton white house aide. we have mark simone, w.o.r. radio talk show host, and matt welch, reason magazine editor in chief. mark simone, do you think the republicans are burning up the track here? what is their message? >> they have no message. now, let me correct one thing you said. the democrats will never cut spending. wait till hagel gets in place there at the d

and inflation all over the place. this year it's with cyclical growth, not defensive growth. not just getting paid to wait but it's cyclical growth right now. >> thank you, guys. >> good to see you. >> terry, welcome back. good to see you. >> the dow going out near the highs of the day, but, again, it's not setting the world on fire but some of the other averages are doing very well and it's just a day when apple is going to close below $500 a share for the first time in almost a year. the dow up 27 points. that's the first hour of the closing bell. here's the second hour now with maria. i'll see you tomorrow. >> and it is 4:00 on wall street. do you know where your money is? welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. the dow jones industrial average closing higher today for a fifth session in a row. take a look at how we're settling out on the street tonight and the market does close at the highs of the afternoon and the dow is down 61 points earlier today. at the close, up 27 points. about a quarter of a percent higher at 13,534. nas

it was a progressive vision for the country. at the same time with the exception of his defense of the social safety net, which is to say medicaid and social security, climate change used to be a bipartisan issue. immigration reform used to be a bipartisan issue. even gay rights is something where you have conservatives that support marriage equality. in the end substantively is it that much of a dramatic shift? >> with the exception of gay rights, there is very little that is significant in the obama agenda that could not have been proposed and was not proposed by moderate republicans in the late 1990s and early 2000's. newt gingrich sat on the couch. the health care plan is based off the 1993 bob dole and lincoln chafy health care plan, and you can go on and on down the list like that. that's what i thought was interesting to e.j.'s point. this was not really a speech about what obama wants to get done next. it was about making a philosophical case for what obama and america has already done. somewhat what i think is unusual is an enormous amount of it and -- >> already one day in. >> already unus

came back from that and put banned performance enhancing drugs in his body. his great defense was, after what i've been through, do you think i would put that stuff in my body and, of course, everybody said, everybody bought that because it was so plausible. so for lance to have actually doped after cancer was a pretty tough thing to do and i think it indicated a win at all costs attitude that was commendable and it was a seriously wrong thing to do. >> you were one of the very first people to question lance armstrong. it goes all the way back to 1999. what was it that made you suspicious in the first place? >> my first point of kind of suspicion was watching lance's treatment of a young french rider and there will be people out there, if they were all doping, how wrong -- how can you blame lance and single him out? they all weren't doping and one of the guys who did not dope in 1999 was a young french rider, and he offered the pin that you couldn't win this tour de france in '99 without doping and much of the colleagues resented him saying that. the guy who most resented him sayi

in the nation. he's also the quarterback of the defense. he's the brains behind how they run the defense for one of the best teams in football and he's going to get duped on an internet scandal. it doesn't make sense. a girl dies. she was in a car accident allegedly she had leukemia and died. he never goes to see the familiar flifr goes to the grave site never goes to the hospital. they never skype. it just doesn't ring true. what rings a little more true is maybe, this would be very unfortunate if it's untrue. maybe he was an individual who isn't attracted to women and this was an opportunity for him to have an excuse he's in the spotlight he's a celebrity. he's expected to be surrounded with women in our society and this was a perfect way for him to push that obligation away and to go forward. unfortunately it all came crashing down a month ago notre dame knew about this a month ago and never told anybody. >> briefly because we want to get to lance. any lawsuits? >> any one including himself if he can prove he's a victim of this hoax and he can't sleep at night he has to see a sigh c psycholog

with spending in regard to the upcoming defense cuts, the sequester. they want to put the debt limit off for three months, get it out of the headlines, not let the president use it as a republican punching bag. trying to tell his colleagues, come to the center, let's move on to other issues. >> one of the interesting things about the way they did it and in doing it for only three months, dave, when you do it for three months the idea is you can always come back to it if you want. but it seems to me, certainly the way it is being reacted to or being read in the press, in saying there is going to be a three-month extension before the debate, they are saying we know we can't win a fight. we know we'll cave at the end of that. so seems like the threat is no longer credible. >> a lot of it did, what the republicans were saying, they were trying to educate their new members on exactly how the debt ceiling worked because that might not have been done last time. and paul ryan has the sort of, these are not the androids you're looking for, this will allow it to be your principle -- they just conv

to do with medicare social security, defense spending, what we have to do with tax reform. these are the tough choices. >> for example republicans have to make tough choices on defense cuts. >> we've got to cut defense. >> our combined defense budget is more than all the other countries in the world. republicans have to step up. i agree with you, governor. we have to do so much more than what you say in order to bend that curve. we have to do that but we've got to talk about -- >> we do. >> we've got to talk about raising the eligibility ages. >> we should look at medicare and social security in terms of how we strengthen them and preserve them for future generations, not as a piggy bank to offset the irresponsible decision making of policymakers. >> we just want it to be sustainable, david. >> that's what i'm saying. >> i have to say, though david, it's ironic you say that when you guys removed how many billions $700 billion, from medicare, which by the way, would have been good to make medicare more solvent in the coming years. >> actually, it did make

understand from defense secretary panetta there were probably about seven or eight americans initially, and some, as you said, have gotten out. they talked to their families, but it is still really unclear what has happened to nem. >> it surprises me there's so little information. early this morning, you know, this raid had already begun. so the fact that information has been so slow to come out surprises me, i guess because it's a remote region. did the algerians give the u.s. a heads up before they conducted the raid, do we know? >> they did not. that's what we're told by u.s. officials, they didn't. that's one of the growing frustrations. everyone understands, of course, it was a very difficult operation and remains a difficult operation, but without that heads up, the u.s. and i have been talking to some european countries that are expressing some frustration with a lack of information, conflicting information, not enough information on the u.s. hostages. so that is saproblem. >> we're also learning from defense officials, the u.s. is increasing its role in the conflict in mali. ho

hours to new york city and go shooting. >> to frank rich's defense, the areas are obviously a cultural breakdown on guns. there are urban enclaves that experience gun violence differently than in idaho. >> no doubt about it. >> that's the difficulty in passing any form of legislation is that you are doing a national legislation for a problem that has different pockets of resistance. >> right. >> and so what's promising, optimism for the president, is that some of his reforms that he suggested are incredibly -- are incredibly testing well many polls. 92% for back ground checks. has neglect -- have you guys ever seen anything polling 92% ever? >> longer recess and soda in the water fountains. >> you didn't mention uniforms. >> the question comes do you do this piecemeal? do you take stuff that polls well and put it out for a vote ask get that stuff pass and do the harder stuff later, or do you do it comprehensively and hope you can get one big package passed on? >> i don't have anything against frank. >> frank rich, we don't have anything against you. >> if you want to get this done, and

of the things we're keeping an eye on is some of the defense stocks. right under the shadow because of the possible quester. they are getting cheap and they have possible cash flows. >> glad you mentioned earnings. >> so far it's been somewhat mixed. i mean the banking sector is turning out some good numbers. >> yeah. >> where do you expect we might see the surprises on the upside in terms of the fourth quarter? >> in terms of sectors? >> yeah. financials have obviously done well, and that's somewhat cyclical. what i expect to do well are the consumer staples. they have been chugging along, but i think some of their expenses and costs were pretty moderate in the fourth quarter, and i think with the -- with the change in the taxes that came through in january, usually better for staples than consumer discretionaries so hopefully we'll get good numbers from there. >> where would you be investing, peter sorrentino? you said you like the early cyclicals? what does that mean? who do you like here? >> well, really it's a wide brush right now. we like refiners, the volero of the world. mar

a lower 18% growth rate. in defense of starbucks, they have a better brand not to mention, indeed, better coffee. you've got two ways to win, it could rally up to $14, i think that could be a conservative number or the stock could go to $16.24, i know, pretty precise, on a potential takeover bid. they seem to be addicted to coffee-related acquisitions as i'm addicted to coffee itself. it is at a 52-week high. and i'm willing to endorse buying the stock on a pullback. wait for some market -- believe me, it does happen, knock the stock down and then make your move. here's the bottom line, krispy kreme as this donutamid clearly shows is back. and it's giving you two ways to win. either the company gets taken ore or stays independent and grows like a weed. the only thing that gives me pause is the gigantic move in the share price. i'm begging, be patient, wait for a pullback and please use limit orders if you're going to buy kkd. let's go to bob in my home state of new jersey. bob? >> caller: boo-yah to ya, jim. >> how do you like that burger? cheese on it, onion, pickle, lettuce, that's from

to address the fact that they really are a good company. i hate the defensiveness. this is my theory on what's happened to intel. they have adopted a customer is always right attitude, but it turns out the customer was wrong. they had the wrong form factor, the wrong device. there was a moment in the call where it took my breath away, where paul said, they're talking about the fablet. this is a great american company. i'm like, you know, i actually said, i feel bad. >> they might have the wrong customers. if they have pc makers -- >> i know apple -- i did think this call was -- it was -- i mean, it's literally, are you guys getting any bang for your $10 million in research and development in 2012? they got the israel one going 24 hours. >> and chipotle. >> i shop and i go to factories. >> i have to tell you, this was an intel that was -- we're not as bad as you think. we're not as bad -- no, guys, have some pride. you're great. >> it seems at this point, jim t is a show-me stock. >> oh, is it ever. >> was there any mention of who might replace ottolini? did you see that in the transcript of

, on the capitol steps. bill russell, i'm sorry. thank you. now, in george stephanopoulos's defense, all tall people look alike to him. i see great chins, i don't know! still, for the rest of the morning, stephanopoulos did a very good job. we have venus and serena williams coming in. look at that, there's danny glover. the dazzling miss halle berry looking fine. look at that. there's general colin and bill russell. the crowd loves them! f >> oh, yeah, welcome back to "morning joe" live from washington d.c. we have a great crowd here. my gosh, jonathan capehart is still with us and joining us on the set, former white house press secretary, robert gibbs. he's not doing too well this morning. chief foreign affairs correspondent and host of andrea mitchell reports andrea mitchell and presidential historian, douglas franklin, author of "cronkite. this gentleman behind me, is he still here? he is right here. he is right here. he is not a republican. you might want to lose the bow tie then. misleading to me. >> all right. >> thank you very much. there you go. clarification. >> this business is not

with you. looks like juan is almost alone now in the defense of this dopey newspaper. what do you think is going on with williams? >> there's a long answer but we will cut to the chase. these are first semester journalistic efforts. so basic even the new york times has this. this is me agreeing with the new york times. it is different often between things that are public and whether they are news worthy whether you should be pairing those things in the newspaper. these are something journalists tackle all of the time. there are a lot of things that are public. they are probably juicy and fun to read but are you doing a public service by printing them? people on food stamps most people would argue that wouldn't be a good idea to print those with data and addresses and names after then. at least one of these homes have been burglarized that was on the list. i would argue it was not a safe thing to do or best thing to do. didn't serve a news person. >>> what do you think now that your liberal pals abandoned you and you are all by yourself in defending this newspaper. >> what about you and

offering plans to cut medicare, social security, defense, oh, please. i'll believe it as i see it, even though i think it's important that it be done. both parties guilty of too much spending. the democrats witt vitriolic, t to make money to pay for it. and enough politics. the american investor figures out we're pretty long through the united states of three-ring circuses. the most important spur for investment is confidence. three issues that held up business formation and stock investing for a long time. put a drag on it. uncertainty of the presidential election, uncertainty of the fiscal cliff and the sequester debt ceiling argument. two big bad events, only one more station on the gauntlet. it simply isn't as scary or meaningful as when it comes to the stock market or new business formation. sorry, it won't sell as many parents, and it just won't. smart investors are making a bet they can't wait for the third of the three washington incursions to be finished. once a big bad event is passed, the rick of responding floods in. now we're about to finish the third leg of the political s

but notice the man who signed the defensive marriage act, bill clinton, opposed to gay marriage changed his position during the course of his presidency. >> every speech before 2004, looking for a constitution to ban gay marriage. >> i welcome it. what i didn't welcome was the most polarizing president that we had became more polarized. this was a speech for the 51% who voted for him. there wasn't much more for the 49% who did not. it was a speech that talked about collective action by the government and when you look at the biggest issue that we face of this era, it's the deficit. it's the trillion dollars of debt and the president didn't really talk about that. he talked about, we're not a nation of takers but that we've become a nation of debtors. >> the president clearly is a smart man, a smart politician. he's also a writer, a thoughtful person. if that is the speech, if the speech as ari described, why would he decide to give that speech? what's the political goal? >> this is the last time he's getting sworn in as president of the united states. that's why. i think it's martin luther

bank in the world reflating so you're very bull strategic defense initiative. >> very bullish. >> i guess the question is are you able to buy into that market at much lower houses? how substantial could a decline be on the so-called bumps in the road? there's some precedent for that. not the first time we've been through it. we've been back through it in 2011 and there's a significant pullback. there's a bit of a been there, done that and we haven't seen the kind of volatility we've seen and in the difference of backdrop the republicans sort of have their backs against the wall. they were forced to concede on taxes during the cliff debate, and now i think this is their chance to get concession on spending, and i think they are going to do that. this is going to go to the wall and that will create volatility. >> the president has been very clear. he's not going to negotiate on the debt ceiling. >> that's how politicians talk. at the end of the day negotiations will have to happen. >> he has to? >> you're not al lone in being wildly bullish right now and i think -- i know that's affec

it or not. and the number of companies that would really be affected from walmart to every defense contractor to giant health care companies, if their ability to collect money that is owed to them is then put in doubt, that triggers a whole, you know, range of activities of other people wanting to collect debts from them. >> sounds really scary. do me a favor, though, and crawl in to president obama's head for me and tell me why you think in 2006 he voted not to raise the debt ceiling and said the fact we're here today to debate raising the debt limit is a sign of leadership failure, the sign the u.s. government can't pay his own bills. what was he thinking there? >> voting against an increase of the debt kreeling is what you do in the opposition party. >> oh, okay. >> in congress. this is going back for the last many years. >> yeah. >> all the republicans in the senate voted for increases when bush was in office. they vote against it when obama is in office. and vice versa. the problem or challenges now is the house where republicans don't want to vote for it and we need them, you

service people, but gun protection or self-defense. i think that's the point they were trying to make. >> any objection for the presidents and republicans and democrats have been used for photo opes and the children, and i've seen the president stand up with soldiers, injured soldiers. >> the children of injured soldiers i know bush has probably done that as well, but something about pushing legislation though and implication and marco rubio made the point on my radio show today, the implication is you don't sign onto the president's proposals, you somehow are not treating the children or standing behind him with due respect. that's what i find offensive. that's the implicit message here. these children are with me. are you against the children? and that's where i think-- >> i think he's originally right when he said that kids really shouldn't be part of the political discussion. leave, now, kids out of it. >> the whole gun control debate has fired up everybody, but the president said today, if i quote him correctly, that anyone who disagrees new gun law opponents want to gin up fear

continue to invest in those companies with solid balance sheets. i continue to play defense. i listen to rick and mike and josh, and what i'm also hearing out of michael santoli and rick santelli, kind of a test, same day, come on, guys. when i listen to them both i'm hearing that bullish markets, bull market psychology. there's a certain complacency that comes along with a bull market where people begin to discount bad news. you throw bad news up and they say don't worry about that. look at the good points. the reverse happens in a bear market where we embrace the bad news and know there's never a ray of sunshine ever. we're in that discounting phase, and it feels complacent. it's a time to be cautious, so i think balance sheets matter. >> right. >> income matters and earnings really matter. >> very good. >> if you look at -- if you look at that philly fed this morning a great example. the market looked at that and said whatever. >> exactly. >> small caps and mid-caps didn't dip on the news. >> ignoring the bad news and going for the good news. >> real quickly, guys. on the philly fe

pa net athe defense secretary, said there were probably about seven to eight americans, but i have to say, you know, throughout the day, the numbers on all of this, where they are, who might be injured or any other condition is not really known. and the numbers of people who have been killed in this operation have really been all over the map. >> it's kind of odd to hear that they are taking a break. i mean if they've launched an operation to try to free hostages, the idea of taking a break in the middle of that operation seems very odd to me. i haven't really heard of operations where that has happened. and i was also surprised to learn that the u.s. was not informed or given a heads-up before they conducted this raid, right? >> in fact, yes. the u.s. officials that we've been speaking to say that they were not given a heads-up that this was going to take place, and that has create someday problems. this one official that we spoke to said that they actually, the united states, had urged and cautioned the algerians to be very careful in carrying this out to make the priority really

but today defense secretary leon panetta said he's working around the clock to bring any u.s. citizens home and issued a warning. >> terrorists should be on notice that they will find no sanctuary, no refuge, not in algeria, not in north africa, not anywhere. >> let me bring in nbc news chief pentagon correspondent jim miklaszewski. the information out of algeria is complex and quite honestly hard to follow depending on some of the information sources, but at this hour what do we know about those americans there? >> reporter: well, it is very confusing in terms of number of americans initially taken hostage but nbc news learned that at least two americans able to hide from the militants when they first took over that nat gas plant there in the far reaches of algeria and since made their escape unharmed. there's an unknown number of american hostages that remain at that compound. in a briefing at the state department a short time ago, the spokesperson said we have american hostages and the spokesperson stressed it's a very fluid situation. now, we also learned that secretary of state hillary

of, you know, the state department and the defense department, will that help bring some of these lessons to bear? >> well, kerry and hagel saw the war firsthand in the delta, one of the areas where it was packed with civilians and where there were tremendous number of civilian casualties so i think that they did see some of the worst of the war. i would hope that having seen that up close and personal they'd be more reticent of taking this country to war. i think we have to hope for the best, that they can take that out of vietnam experience. i don't think that the carnage in today's wars is comparable to vietnam when it comes to civilians but we do know that civilians are still dying on a regular basis and still suffering a great deal and i'm afraid that, you know, if history is any guide we may not know the full story of that suffering for decades. >> all right. nick turse, thank you very much. >> thank you. >>> up next, the cyclist's favorite inaugural moments and never guess who picked one from the 1800s. it's not who you think. i'm heading to washington this weekend

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's a legitimate topic that should be under discussion. i think there is a lot of room in the defense budget for cuts, but our primary focus in terms of the economy should be job creation. so that means that the government has to spend in order to create economic stability. economic progress. we need jobs in this economy for middle class people and that's what will make this economy stronger and so if we cut then we're going against that very basic economic principle. when you constrict the budget and cut off the flow of money, you're not going have as many jobs available. so i am not -- i am not in favor of drastic cuts in spending at this time, but i do think long term we should be looking at reducing our debt and restoring fiscal sanity to our budget. >> a group of house democrats, yourself included you want to do away with the debt ceiling law altogether. this is congressman jerry neven, this is what he had to say about it. take a listen. >> it is time to repeal the debt ceiling and today we're introducing legislation to do just that. instead of playing a game of chicken with the full fa

in iraq. we are now in afghanistan. 12 years in. $2 billion a week. our defense budget keeps exploding. so an iranian crisis comes at the absolute worst time for this country. >> that's what i was saying early on. >> on so many points. >> things could change dramatically this year. >> richard and i have talked about this a lot. in search of a met tor, i have been thinking about the islamic role in africa and the middle east, think of it size a large, very dry forest after years of drought. and a lightning strike anywhere, which is unanticipated, starts a brush fire. and then it goes across. we just saw what happened in algeria. what's going on in syria at the moment. and we are not dealing state-to-state. there's an entirely new set of rules for dealing with that critical part of the world, to say nothing of the 300 million people who live there, the oil, the energy we have invested, and as richard and i have been talking, what happens to the kingdoms, saudi arabia next door? with an aging leadership. and they are in the bunker at the moment. and then all of the gulf states as well. jordan

defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, forget it. >>> tim geithner celebrating last night. >> still on a budget. >> so no alcohol served, we know that much, but at least hopefully geithner got some cake. what message should have been written on his farewell cake? tweet us. we have a new handle, we've got your responses throughout the morning. we'll share your responses. >> how about thank you for saves the american banking some system? >> some people like that. >> i think tim geithner did a fabulous job, wish him very well. in the meantime, a big reason why you should prepare more for the salad. the cold hard facts later in the show, but first. >>> coming up, not exactly ocd behavior, but certainly something requires -- and nobody does it like jim cramer. six stocks in 6 on seconds, when "squawk on the street" returns. >>> the s.e.c. issue, give me a break. it looks -- don't sell it for that. >> jeffries leapwire hold or sell? >> i was talking to david fablers, always breaking stories about this group. i don't think -- >> merrill columbia sports? >>

. >> tears from a son. you also have defense secretary leon panetta, here he is in london, giving his thoughts on the situation in algeria. >> terrorists should be on notice that they will find no sanctuary, no refuge, not in algeria, not in north africa, not anywhere. >> want to bring in jim clancy, our veteran journalist, covered conflicts all around the world. let's begin with, we keep saying this situation is so fluid, still so many details, what do we know right now? >> right now the latest that we have got, algerian press services reporting 12 foreign hostages have been killed, since the start of this operation. >> 12. >> but they say that's a provisional toll. it would be a low number in my estimation, and we have to still wait and see. we know some are still being held. mauritanian news services reporting there has been an office to swap hostages, the american hostages for a couple of hostages that are held right here in u.s. prisons. and one of them would be omar abdul rahman, the so-called blind sheikh who was charged in the 1993 bombing of the world trade center. he's servi

, defense, his new chief of staff we think will be a white male. what do you think about the diversity in the cabinet looking forward. >> we're hoping by the time -- it's a bit like paint by numbers. you paint this section than section. we hope by the end, there's more women and people of color. obviously holder staying over in justice for now. we would like to see a black woman on the u.s. supreme court. there could be several who -- several vacancies this term. we have never had one. there are now several women on the court. people are saying finally we have a black woman on the supreme court. so. >> one of the many things on the to do list and wish list. ben jealous, president of the naacp. thank you for joining us today. >> great to see everyone here on the mall here celebrating this inaugural weekend. stay with us for our continuing coverage of this historical weekend, the second swearing in of president obama. when we come back, douglas brinkley, one of the nation's leading historians will talk about this moment and how to put it in perspective. ♪ ♪ ♪ [ male announcer ] som

of buried in the resume after we announced we weren't doing missile defense in eastern europe he was sent to even europe to talk to the eastern european leaders. jared, i'm curious, you worked with the vice president in his office. it's been strapg to me, joe biden has had such a long career in politics. he started at 30 years old. >> 35 years in the senate before he became vice president. >> and he's gone through different iterations in his public appearance and one then that's interesting is there's this kind of cartoonish version of joe biden that the right has pushed. in fact, we have -- here's an example of -- this is funny, the onion has this whole image they crafted. this is joe biden's official twitter account referring to the onions, joe biden, the onions joe biden has written an autobiography. this is the actual joe biden teasing them about the transam that the onion says he likes. but i do wonder, how much distance do you think? what are the things we get wrong about the vice president from the perspective of hthis caricature? >> i think we get a lot wrong. there's an inside an

.2 trillion. i'm certainly not. and those of us who are concerned on the across-the-board defense cuts i hope for the most part are saying we have to make these cuts. the question is how we allocate those cuts. we can't back off that, becky. that would be unbelievable that, you know, we're now negotiating on something we agreed to two years ago at a time when the debt was a couple trillion dollars less. we've got to be sure we're making progress moving forward. this debt limit discussion is an opportunity to do that. we don't have to make these cuts in the way the president talked about it at his press conference. i thought it was incredibly irresponsible to say republicans are talking about slashing spending. they wanted to gut medicare and medicaid. that's not the point here. it's being sure these programs are saved and preserved for future generations and everyone, including the president, we talked about this in the past, understands the need to do that. >> you forgot about cutting off people with disabilities, and autistic children and a lot of -- you forgot about a lot of things that yo

? the government can pay just the interest, social security and defense spending meaning military salaries. markets, of course, democrats say they're going to demand higher wage because of this. republicans will suggesting they'll overlook this gridlock. finally on the economy, a lot of folks saying it would cause a depression. republicans say, there are temporary effects here. now, okay, so let's do this. could you, if you were treasury secretary, so you make spending equal cash flow? get ready to play folks? the debt ceiling game, calling this the home edition, here are different items in the government, in the federal government budget, what you've got to do is check a box, fund it or don't fund it. now we've rigged this now so we've worked on tv. we're going to fund all these things. and what we're going to do is we're going to make our spending equal the cash flow of 277 billion dollars so we're going to pay the interest, we're going to pay medicare, medicaid, social security, military pay, retirement, veterans benefits and defense vendor payments, federal salaries. okay got it. 275. we fund t

think the republicans are hoping that they have a manti te'o defense, that somehow it was all a hoax and maybe the election was a hoax and they can go back and redo everything. no. i think the republican -- the white house strategy is make the house republicans try to do something. and i think that -- and my understanding what house republican leadership wants to do is they have to figure out how to pass -- how to pass a raise in the debt limit at all first. to just put something out there to prove that they can get leverage, right? that was something that boehner tried to do with his whole plan "b" during the tax thing. and when he couldn't do that, then suddenly he lost all leverage. so that's the name of the game number one. and then the second part is what david was talking about there, which is they are trying to figure out how to basically move away from the debt limit as a part of this argument, and that's -- it's easier said than done. they know where they should be having this spending argument, and that is with funding the government. whether they can get the rank and file

that it was a stick in the eye. frankly, he may a very spirited defense of activist government and kind of continued this narrative that, republicans don't believe in social security and medicare, et cetera. so, you know, we go on a very cold tuesday morning and we soldier on to the next battle. >> and, the -- there's an inauguration -- there's speeches, and then there's what you're able to accomplish given the -- the tone -- the makeup of the country, the makeup of congress. how much gets done? how much is just bluster? and how much actually ever gets proposed? but then again, how much is executive order? is he going to be able to do that without legislation some of it? >> well, again, now we get to wait for a state of the union on february 12th, and we probably won't see his fiscal 2014 budget until march. we'll have to deal with the debt ceiling and probably at least the sequester before that. so you know, there are not a lot of proposals formally on the table from the democrats. and i think we're going to have a very, very messy march and probably into early april, maybe even with a government s

relax their gun laws. having more guns available for self-defense may curb gun violence. >>> the "washington post." clarence thomas broke a 7-year silence during oral arguments. what he was saying was unclear. sources say he was joking about the ivy league and the k transcript only partially showed what he said. he hasn't spoken since 1996. >>> walmart plans to hire any veteran who wants a job and officials project it will lead to 100,000 veterans in five years. >> that's a promise, significant. >> great news. also really quickly again, we want to show while we're doing the papers, the daily news, nra, coming up on the anniversary of newtown, where 20 young children were killed, has put out an app that 4 year-olds can use four years old and up, shoot at targets that are shaped like coffins. >> so get your app. let's go to willie at "politico "politico." >>> chief white house correspondent, mr. allen. you will take us inside the chuck hagel war room, calling the chuck hagel confirmation war room. where is he? i know he's on the house talking to old colleagues ensuring rep

, with fixodent. the adhesive helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. >>> goldman sachs report iing fourth quarter earnings much higher than expected. wow, it was a really big beat. we have an earnings guru here. he asks the question, why isn't the stock even higher this morning? roger, what's your take? >> the beat was two things. one a much lower comp ratio. the way that works, tends to get chewed up in the fourth quarter. an out sized beat and the other longer lending, investments and private equity got marked up a fair amount. i think people were expecting that to be a source of upside. the real beat was in compensation. given it's so weighted to the fourth quarter, the beat isn't as big as it looks. the full year ratio for compensation came out to 34%, it was 32% last year. to the extent there's a longer term lower accrual level to be factored in here, earnings are biased up. >> was that politically driven, do you think? >> i think it's a function of a lot of things. i think that -- i think market conditions are

attack, from food particles and bacteria. try fixodent. it helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great businesses deserve great rewards! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? here's your invoice. >>> the top spot at sirius satellite radio in 2004, left the company about a month ago. during his time as ceo, the subscribers jumped to 23 million. and avoided a very close call with bankruptcy in 2009, when john malone's liberty media injected $530 million in return for 40% stake. that stake now just under 50%. one key reason mr. karmazin stepped down. we're joined by mel karmazin, first interview sin

. these are the kids who reached out to him. so i guess that's their defense that they're using those kids. but let's face it, politics is all about imagery and i'm not saying it's necessarily right, but it's going to be the image that's going to be sent around, it's that picture, right? it's going to look like these kids are standing behind what the president is going to do. >> steve: can you imagine, gretch, if one of those kids, because if they wrote to the president concerned about what was happening in the news said, hey, mr. president, what's the deal with the debt? i've been hearing a lot about the debt ceiling. what's my family's share? i'm just a kid. when i'm a grownup, i understand it could be hundreds of thousands of dollars. could you guys please cut spending now? >> brian: if you want to know if that is going to happen today, see if rand paul's grandson will be in there or somebody like that. if there's a republican child or michael j. fox's character, michael keating. >> gretchen: that would be a good one. let's talk about what the new york state has done now and governor cuomo. he i

stanford, would walk around to the other guys and this defensive end who graduated from stanford and say anybody know my girlfriend? nobody knew her. that's why he thinks he was a victim of a hoax. however, how could you say you met her in hawaii, your parents met her, your dad saying this very well could have been my daughter-in-law, if you're not in on the hoax. according to this, it all goes back to a guy who is a famous family, they have a few players that got into the nfl. he is the one who evidently could be behind this and according to a friend of that guy, he's 80% sure that plant has been knew all about it and in on the hoax. >> steve: was he? we talk to dr. keith ablow earlier about it and keith said this. >> we're at a point in our culture where truth is up for grabs and people are not only doing this with elaborate hoaxes like this, but they're doing it with themselves. they're doctoring their facebook profiles. they're creating "avatars" with themselves. had is the outlying extreme of that phenomenon. tremendously dangerous. when you don't have grounding in reality, you're v

, but if you're gutting your defense budget like this administration looks like it will through the sequester and the choice of chuck hagel you might not have the ability to do both and you cannot ignore the fact that u.s. interests are still in the region in north africa and middle east. and drone operators as much as we want to remove ourselves, aren't always enough. we need a coherent foreign policy, right now we're on your heels. >> and right now the people who killed four in benghazi and we're not going after them as far as i can tell. and thank you for the analysis and looking at the policy or lack thereof and two hours ago. starting your own business is easier than you might think. how you can do it without spending a dime and quitting your job, an eye opening poll, the americans have spoken, but the white house is not listening. we'll analyze at the top of the hour when we come back. ♪ for some people this is just pigskin and thread. but for most of us it represents something more. it's the time of year that we have all waited for. when we sit on the edge of our seats for four quart

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